Tuition for resident undergraduate students at Colorado State University will rise by 9 percent next year, following the Board of Governors’ approval of the school’s 2012-13 budget Wednesday.

That’s an increase of $568, bringing undergraduate tuition to $6,875 a year. Nonresident undergraduate tuition will go up 3 percent, or $660, bringing the cost to $22,667 a year.

Room-and-board rates will increase by an average of 5.8 percent, and fees for full-time, on-campus students will be raised by 2.2 percent. As a result, the total cost of attending CSU for the school year — tuition, fees and room and board — is expected to increase by $1,165.

University president Tony Frank said the increases are a reflection of the privatization of education, in which a decrease in funding from the state leads to costs being passed on to students in an attempt to make up the difference.

“It is a fundamental challenge facing higher education in Colorado and throughout the nation,” Frank said in a statement.

Annual tuition rates for resident and nonresident graduate students will bump up 5 percent, or $400 and $980, respectively. A resident grad student will pay $8,392, and a nonresident graduate student will pay $20,572.

As part of the changes, CSU added $3.1 million, or 11 percent, to the amount of money allocated for financial aid next year. That includes an additional $2.5 million for the Commitment to Colorado Program, which packages financial aid to cover from half up to all tuition (based on income) for Colorado residents who come from families making less than the state’s median family income of $57,000 annually.

The tuition increase could have been more were it not for the fact that the decrease in funding from the state legislature was less than initially anticipated by the school. Last year, funding decreased by $23 million; this year, it was a decrease of $2.25 million.

The Board of Governors also voted to give faculty and staff a 3 percent raise — the first pay increase in four years.

Eric Berlinberg, president of the Associated Students of Colorado State University, said the moves were met with approval from the student body.

“Obviously, a 9 percent increase hurts, especially on the heels of last year (an average 15 percent tuition increase), and there are concerns about how to keep higher education affordable,” Berlinberg said. “But we’re taking a very positive stance about the faculty raises — it will keep the best teachers and professors here and not force them to go elsewhere.”

In April, the University of Colorado boosted its resident undergraduate tuition rate 5 percent to $8,056 a year.